Professional services exclusion in D&O policy read down to provide cover

Fund Managers Canterbury Limited v AIG Insurance New Zealand Limited [2017] NZCA 325 (28 July 2017) This decision concerned an appeal…

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Legal Directions

$1 million penalty for breach of FOFA

Introduction In 2012, the Corporations Act 2001 (Cth) (the Act) was amended [i] to include the Future of Financial Advice reforms…

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Legal Directions

AMACA PTY LIMITED v LATZ – SA COURT DECISION MAY BE CONTROVERSIAL

On 30 October 2017, the Full Court of the Supreme Court of South Australia – by majority – rejected Amaca’s appeal…

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Legal Directions

THE COST OF MIXING FRIENDS WITH BUSINESS

Lejonvarn v Burgess & Anor [2017] EWCA Civ 254 Introduction In Lejonvarn v Burgess & Anor, the Court of Appeal of…

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AN INCONVENIENT RULING

Introduction The Victorian Court of Appeal in Archibald v Powlett [2017] VSCA 259 recently considered whether damages for inconvenience are recoverable…

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Federal Court dismisses allegations of misleading and deceptive conduct and unconscionability

Australian Competition and Consumer Commission v Medibank Private Limited [2017] FCA 1006 The Australian Competition and Consumer Commission (the ACCC) alleged…

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THE DOOR REOPENS: LOT OWNER CLAIMS AGAINST OWNERS CORPORATIONS

McElwaine v The Owners – Strata Plan 75975 [2017] NSWCA 239 The NSW Court of Appeal has resurrected the potential for…

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ACCOUNTANTS’ LIABILITY – LIQUIDATOR’S DUTY TO TAKE REASONABLE CARE AS COMPANY OFFICER

Asden Developments Pty Ltd (in liq) v Dinoris [2017] FCAFC 117 Introduction In Asden Developments Pty Ltd (in liq) v Dinoris…

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